Irma causes Florida to shed jobs in September

Irma causes Florida to shed jobs in September”

Private-sector businesses were severely impacted last month by Hurricane Irma, which resulted in survey data showing a reduction of job numbers exclusively for the month of September.

Statewide nearly every job sector except government saw big losses, especially in construction, which saw a drop in employment of 4 percent, professional and business services lost 2.4 percent, administrative and waste services lost 4.3 percent, and leisure and hospitality lost 3.4 percent. The state figures mirror the federal rate, which fell to 4.2 percent in September from 4.4 in August, but also saw jobless claims grow, in large part to Hurricane Harvey's impact on Texas.

The national rate, too, has dipped just under a percent from 4.4 percent in August to 4.2 percent in September.

"Obviously, our jobs numbers were affected because of this", Scott said.

The estimated figures posted Friday by the Department of Economic Opportunity also stripped Monroe County of its long-held position of the state's lowest jobless mark. The drop in the number of Floridians working can be attributed to Hurricane Irma, a massive storm that swept throughout the state early last month.

More than 1.3 million private-sector jobs have been created across Florida since December 2010. "We will continue to fight for jobs every day".

The Indiana Department of Workforce Development said Friday the state's labor force grew to almost 3.34 million people with the September addition of almost 9,700 people entering the job market.

In the a year ago, 239,000 people entered Florida's labor force, a growth of 2.4 percent.

Cissy Proctor, Executive Director for the DEO, said that despite the negative impact of Irma, a growing workforce and strong performance in large metro areas were still good indicators of a strong economy.

The hurricane clearly impacted the leisure and hospitality industry which has lost more than 21,000 jobs in Florida over the past year, even as record numbers of tourists visited the state in the first half of 2017. That number is down from 5.7 percent in September of 2016.

However, September saw the cataclysmic Hurricane Irma hit Florida hard. Most of those job losses will prove temporary, and hiring should bounce back in the coming months.

Last month, Okaloosa and St. Johns counties had the lowest unemployment rate in the state at 2.7 percent each followed by Franklin, Wakulla and Walton counties where that rate stood at 2.9 percent.

Like this


21 October 2017
Hillary Clinton Reveals She Tried to Skip Trump's Inauguration
In her new memoir, Hillary Clinton tried to make sense of it all and even admitted that she didn't want to go to his inauguration. She claimed, "we thought maybe others aren't going, so we called the Bushes".

21 October 2017
Keep me out of Tipu Jayanti fete, says Anantkumar Hegde
Many of his tweets have also attracted controversy due to their hardline Hindutva views. He said they do not even know how to faithfully write what is said.

21 October 2017
TBI finds cocaine laced with fentanyl in lab testing
He also noted it only takes small amounts, like a sample the size of a sprinkling of baby powder, to make someone overdose. Officials said it can absorb through the skin, so touching the substance can quickly put you at risk of overdose.

21 October 2017
Alphabet's Project Loon deploys LTE balloons in Puerto Rico
Project Loon is bringing this emergency Internet connectively to parts of Puerto Rico in collaboration with AT&T. Alphabet, which launched the balloons in Nevada, said Project Loon is already providing service in Puerto Rico.

21 October 2017
New Analyst Ratings On SPDR S&P 500 ETF (SPY)
The firm owned 3,166,130 shares of the company's stock after buying an additional 35,900 shares during the period. Even though the name contains the word commodity, CCI can be used on other investment tools such as stocks.

21 October 2017
Will Boult continue India's left-arm struggles?
India's issues against the unique angle stem from the lack of quality left-arm fast bowlers at their disposal. Meanwhile, Rohit also spoke of the threat they could face in left-arm seamer Trent Boult .

21 October 2017
Marvel's THE PUNISHER Gets November 17th Release and New Trailer
Interestingly, that's also the day when DC's Justice League hits the big screen, just an interesting nugget of information. This is the third trailer of the series.

21 October 2017
Today Sherwin-Williams Co (SHW) Stock Reaches 52-Week High
Citadel Advisors Limited Liability Company reported 9,455 shares. 79,408 were accumulated by Sterling Capital Management Lc. The stock has "Buy" rating by Bank of America on Thursday, October 5. (NASDAQ:CUTR) on Tuesday, June 27 with "Buy" rating .

21 October 2017
The Boardwalk Real Estate Investment Trust's (BOWFF) Hold Rating Reiterate at Desjardins
Pennsylvania Real Estate Investment Trust (PREIT) is a self-managed and self-administered real estate investment trust (REIT). Finally, JPMorgan Chase & Co. increased its holdings in Wheeler Real Estate Investment Trust by 1,910.6% in the 1st quarter.

21 October 2017
The Latest Analyst Coverage For Netflix, Inc. (NFLX), Urban Outfitters, Inc. (URBN)
The institutional investor purchased 16,588 shares of the apparel retailer's stock, valued at approximately $573,000. The firm had revenue of $890.57 million for the quarter, compared to the consensus estimate of $886.39 million.